Google Enters HVAC Market
Google is considered a giant in the internet industry and
now the company is going to try their hand in the HVAC industry. It was
announced last week that Google spent $3.2 billion in the acquisition of Nest
Inc. The Nest Company is one that provided both thermostats and smoke/Co alarm
manufacturing. The amount spent on the acquisition of Nest is the second
largest for Google, just behind the 2012 acquisition of Motorola Mobility for
$9.4 billion.
Larry Page, the Chief Executive Officer for Google, stated
that Nest was already providing top quality products and Google would now have
the opportunity to bring an improved experience to home owners and families
around the globe.
Tony Fadell is the Chief Executive Officer of Nest and he
will continue to work for the company under Google. Nest will be able to
operate as normal as part of the acquisition. Fadell also commented on the
recent deal by stating that the company will now be in a better position to
create simple devices for household use that will make life easier in the home.
In the current market, remote access and controlled
thermostats are a hot commodity. Nest has created quality items that are sought
after in the HVAC industry. With Google becoming involved in the HVAC industry,
the want for these types of devices are only going to continue to grow.
At $249, the thermostat created by Nest offers a
self-programmable option that will help to cool and heat the home based on the
preferences of the owner. Over time, the thermostat configures how the home
owners use the settings to be able to self-program. Home owners will not have
to manually adjust the temperature and home owners can also see their energy
usage savings based on the green leaf symbol of the unit.
At $129, Nest creates the smoke alarm device known as Nest
Protect. This device is highly sensitive and will light up and provide a
speaking sound to help the home owner know the alarm is about to go off. This
will help the home owner be able to turn the alarm off before a false alarm is
sounded. The home owner simply uses their hand and waves it in front of the
unit to stop it from going off.
Both of the Nest devices have the capability to operate via
an applications so home owners can easily access their device and functions.
The Nest Company plans on continuing to offer support for iOS, Android and
other web browsers. The warranties for the products will also be valid.
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